AUD/USD may fall 20 - 40 pips

Pivot

0.6660

Our preference

Short positions below 0.6660 with targets at 0.6610 & 0.6590 in extension.

Alternative scenario

Above 0.6660 look for further upside with 0.6680 & 0.6700 as targets.

Comment

The break below 0.6660 is a negative signal that has opened a path to 0.6610.

Supports and resistances

0.6700

0.6680

0.6660

0.6630 Last

0.6610

0.6590

0.6570

Number of asterisks represents the strength of support and resistance levels.